American Oil and Gas Reporter - November 2020 - 48

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Creative Tools
Enable Operators To
Improve
Well Economics
By Colter Cookson
Psychologists say constraints often breed creativity. There likely is no better
showcase for that theory than the oil and gas industry, which must cope with
sudden shifts in demand while delivering free cash flow, complying with strict
regulations and continuously improving its environmental profile.
To handle such demands, operators and service companies look for ways to do
more with their available resources, which often means deploying emerging
technologies. Fortunately, there are plenty. The latest innovations leverage machine
learning and new hardware to provide data for planning wells, drill faster and
straighter, improve completions and simplify water management.
Adapting to geology is often the key to landing laterals in the best places and optimizing completions, says Carl Neuhaus, vice president of well data products for
TGS. " When we compare production from wells in the same formation, we often
see 25%-30% differences, " he reports. " Natural variability in geology accounts for
some of that, but the high performers frequently are in less favorable geology. They
produce well because the operator has the expertise to optimize for the rock. "
To illustrate how much geologic data can improve performance, Neuhaus points
to 3-D seismic. " Even in shale plays, where operators know where the reservoir is and
can drill into it reliably, 3-D seismic has considerable value, " he says. " I have seen
pads where the wells drilled using 3-D seismic performed twice as well as the others.
" Where a well lands in the target matters, " he explains. " Even two laterals that are
within 10-15 feet of each other can have different frac efficiency if there are
limestone stringers or lamination in one but not the other. "

48 THE AMERICAN OIL & GAS REPORTER



American Oil and Gas Reporter - November 2020

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2020

Contents
American Oil and Gas Reporter - November 2020 - Intro
American Oil and Gas Reporter - November 2020 - Cover1
American Oil and Gas Reporter - November 2020 - Cover2
American Oil and Gas Reporter - November 2020 - Contents
American Oil and Gas Reporter - November 2020 - 4
American Oil and Gas Reporter - November 2020 - 5
American Oil and Gas Reporter - November 2020 - 6
American Oil and Gas Reporter - November 2020 - 7
American Oil and Gas Reporter - November 2020 - 8
American Oil and Gas Reporter - November 2020 - 9
American Oil and Gas Reporter - November 2020 - 10
American Oil and Gas Reporter - November 2020 - 11
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American Oil and Gas Reporter - November 2020 - 48
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American Oil and Gas Reporter - November 2020 - Cover3
American Oil and Gas Reporter - November 2020 - Cover4
https://www.nxtbook.com/nxtbooks/aogr/202403
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https://www.nxtbook.com/nxtbooks/aogr/201812
https://www.nxtbook.com/nxtbooks/aogr/201811
https://www.nxtbook.com/nxtbooks/aogr/201810
https://www.nxtbook.com/nxtbooks/aogr/pbios_201810
https://www.nxtbook.com/nxtbooks/aogr/201809
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